Glossary

IRS Form 2848 is used to grant power of attorney to a representative, allowing them to act on your behalf in IRS tax matters.

IRS Form 433-D is used by taxpayers to establish an installment agreement, allowing them to pay off their tax debt in monthly payments.

IRS Form 433-F is a simplified financial statement used to apply for IRS collection options like Installment Agreements and Currently Not Collectible status.

IRS Form 656 is used to apply for an Offer in Compromise, allowing taxpayers to settle their IRS tax debt for less than what they owe.

IRS Form 8379 is used by an injured spouse to reclaim their share of a joint tax refund if it was applied to their spouse’s tax debt.

IRS Form 8857 is used to request Innocent Spouse Relief, which protects taxpayers from being held liable for their spouse’s tax debt.

IRS Form 8862 allows taxpayers to reclaim the Earned Income Tax Credit (EITC) after it was previously disallowed by the IRS.

IRS Form 940 is filed annually by employers to report and pay the Federal Unemployment Tax (FUTA) for their employees.

IRS Form 941 is filed quarterly by employers to report wages, tax withholdings, and payments for Social Security and Medicare taxes.

IRS Form 944 is filed annually by small employers to report wages paid, taxes withheld, and Social Security and Medicare taxes.

The IRS Fresh Start Program helps taxpayers resolve tax debt by offering easier access to Installment Agreements, penalty abatement, and Offers in Compromise.

IRS Letter 3172 is a notice that a federal tax lien has been filed against your property, giving the IRS a legal claim to your assets.

IRS Letter 668(W) is a Notice of Levy that allows the IRS to garnish wages and other income to satisfy unpaid tax debt.

IRS Notice CP14 is the first notice sent by the IRS informing you of a balance due for unpaid taxes and includes instructions for resolving your debt.

IRS Notice CP2000 is sent when the income reported on your tax return does not match what was reported to the IRS by third parties, requiring an explanation or payment.

IRS Notice CP501 is a reminder notice that informs taxpayers of an unpaid balance and warns of further penalties if not resolved.

IRS Notice CP504 is a final warning before the IRS levies your assets for unpaid taxes.

IRS Notice CP521 is sent to remind taxpayers of their upcoming Installment Agreement payment and the due date.

IRS Notice CP523 is sent when a taxpayer defaults on their Installment Agreement by missing payments or failing to comply with the terms.

IRS Notice CP90 is a final notice warning that the IRS will seize your assets or wages if you do not pay your tax debt or request a hearing.